FERRARI NV (RACE) Stock Technical Analysis
USA - NYSE:RACE - NL0011585146 - Common Stock
491.53 USD
-9.62 (-1.92%)
491.53 USD
0 (0%)
Overall RACE gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RACE is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
RACE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RACE is lagging the market slightly.
In the last month RACE has a been trading in the 467.47 - 504.49 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When compared to the yearly performance of all other stocks, RACE outperforms 58% of them, which is more or less in line with the market.
RACE is part of the Automobiles industry. There are 37 other stocks in this industry, RACE did better than 66% of them.
RACE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 508.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 486.39, a Stop Loss order could be placed below this zone.
More info and screens
400.95
522.84
We found 5 important support areas.
- A support zone ranging from 470.03 to 486.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @458.10 from a trend line in the daily time frame.
- Support @447.18 from a trend line in the weekly time frame.
- A support zone ranging from 433.98 to 436.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @405.00 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @508.15 from a horizontal line in the daily time frame.
- A resistance zone ranging from 517.66 to 517.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RACE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RACE is up. |
| ChartMill Relative Strength | 58.49 | NEUTRAL | RACE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RACE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RACE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RACE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.48 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.73 | POSITIVE | The MACD value suggests RACE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.96 | OVERBOUGHT | The high Stochastics value suggests RACE may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for RACE suggests low volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for RACE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 508.16 | 468.82 | 39.34 (7.74%) | 12.92% |
| An entry @508.16. This is a Buy Stop order right above the resistance zone. | An exit @468.82. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 39.34 points, which is 7.74%. | When investing 12.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
491.53
-9.62 (-1.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-1.92%
1 Week1.97%
2 Weeks2.89%
1 Month2.62%
3 Month0.18%
6 Month14.69%
12 Month4.79%
2 Year62.95%
3 Year149.8%
5 Year175.49%
10 Year874.68%
15 YearN/A
Volatility
ATR(14)9.52
ATR(20)%1.78%
ATR Inc-7.01%
Range Today10.93
ADR(20)6.5
ADR(20)%1.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.49
Mansfield-0.51
10 Day High504.49
10 Day Low468.83
20 Day High504.49
20 Day Low467.47
52 Week High519.1
52 Week Low391.54
CS1 End486.39
CR1 Start508.15
Volume & EV
DER(3)2.8%
DER(5)1.93%
Volume437.71K
Volume Incr24.96%
Vol(5)400.94K
Vol(50)434.67K